SMIC Announces Board Changes and Q2 Financial Report
Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) on August 11 announced several board changes and its financial report for the second quarter of this year.
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While the West Hoards Toilet Paper, China Stocks Up on Facial Masks
The daily demand for masks is in the hundreds of millions, and there is a serious supply shortage.
Porsche China Recalls 6,172 Imported Taycan Electric Vehicles
According to the State State Administration for Market Regulation on Friday, Porsche China will recall a total of 6,172 models from its 2020-2021 series of imported Taycan pure electric vehicles.
6/17/20222 min read
Trump Blocks U.S. Transactions with Eight Chinese Apps, Including Alipay and WeChat Pay
On Jan. 5, U.S. President Donald Trump signed an executive order to ban U.S. transactions with eight widely-used Chinese software applications, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay.
OPPO Rumored to Be Testing 240W Fast Charging
A Chinese technology industry blogger said in June that a smartphone manufacturer is attempting to produce a 240W charger, which was in the engineering verification test stage. The blogger confirmed on July 14 that this manufacturer is OPPO.
7/14/20222 min read
Xiaoice's ChatGPT-Like App Starts Internal Testing
Xiaoice Company, Microsoft’s independent R&D team of AI products based in China, started the internal testing of its ChatGPT-like application "X-CoTA" on February 21.
2/21/20233 min read
Pakistan's Telenor Group and Ant Financial reached a strategic partnership
Telenor Group has reached a strategic partnership agreement with Ant Financial in Pakistan, where Ant Financial will invest USD 184.5 m for a 45% stake in Telen...
BYD Releases Its First PHEV Pickup Truck SHARK
On May 15th, BYD held a press conference in Mexico to officially launch the "SHARK" pickup truck, which will be sold in the Americas, Australia and other regions in the future.
Kaixin Auto Receives Approval to Acquire E-commerce Platform Haitaoche
Chinese secondhand car dealership Kaixin Auto Holdings on Thursday said it has received approval from Nasdaq to acquire Haitaoche, an e-commerce platform for imported cars.
4/16/20212 min read
XPeng Reports $0.96B Q3 Revenue, US Stock Price up 6.53%
XPeng, a leading Chinese electric vehicle company, on November 30 announced its unaudited financial results for the third quarter of 2022. Its total revenues were 6.82 billion yuan ($0.96 billion) for the third quarter, representing a year-on-year increase of 19.3%.
11/30/20223 min read
BYD Invests in Zhuoyu Technology Under DJI
BYD strengthens its layout in intelligent driving by investing in DJI's subsidiary, Zhuoyu Technology.
Michael Yu: New Oriental Donates Nearly 80,000 Sets of Study Desks and Chairs to Rural Areas, Adjusting its Business
"With the adjustment of our business, New Oriental has decided to donate new study desks and chairs to primary and secondary schools in rural areas, having donated nearly 80,000 sets so far," Michael Yu posted.
11/5/20212 min read